NSI Industries’ HVAC division has been acquired by Lennox
The HVAC division of NSI Industries has been acquired by Lennox (NYSE:LII) in a transaction valued at US$550 million. The division comprises the Duro Dyne and Supco brand platforms and was sold by NSI Industries, a portfolio company of Sentinel Capital Partners.
Duro Dyne and Supco have more than 70 years of history and are recognized for premium-quality solutions serving commercial and residential HVAC applications across the USA and Canada. Duro Dyne is a market-leading manufacturer of mission-critical HVAC components and accessories, while Supco supplies high-performing, technician-focused HVAC parts.
Lennox is a leader in energy-efficient climate control solutions with a market capitalization of approximately US$17 billion. Its product portfolio includes cooling, heating, indoor air quality and refrigeration systems, as well as HVAC parts, supplies and services supporting the full customer lifecycle.
NSI Industries is a leading manufacturer and supplier of branded electrical components to third-party distributors in the USA and Canada. The company offers more than 10,000 products and owns a portfolio of well-established brands including Bridgeport, Polaris and Tork.
Sentinel Capital Partners, having raised more than US$11.2 billion in capital since its inception in 1995, is a leading mid-market private equity firm focused on niche markets in the business services, consumer, healthcare services and industrials sectors.
Oaklins TM Capital in the USA served as the financial advisor to the HVAC Division of NSI Industries, including the Duro Dyne and Supco brand platforms, in its sale to Lennox for US$550 million.
Talk to the deal team
Related deals
MEDIK Hospital Design Group has been acquired by STERIS
The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.
Learn moreBrand Group has acquired The Natoon Group
The Natoon Group has been acquired by Brand Group. This acquisition represents a significant strategic move that will help establish new, robust and stable growth channels. The transaction is intended to expand Brand Group’s revenues through service companies with recurring and predictable income streams supported by long-term contracts. As part of the agreement, Natoon’s senior management will continue to lead the company’s growth.
Learn moreSmile Invest has secured debt financing for the acquisition of RB+ Groep
Smile Invest has successfully acquired a majority stake in RB+ Groep, a specialist in comprehensive fire prevention solutions operating under the brands Van der Aa, Firejob and Preficon Europe, with a strong focus on constructional fire prevention. This transaction supports RB+’s growth ambitions and enables the company to expand into adjacent and international markets.
Learn more